Now and more than ever before vehicle leasing is becoming more and more common, and many people are wondering if they can actually break a car lease and if they can, can they break a car lease with minimal penalties.

Before our lease transfer solution, early lease termination were extremely expensive and possibly harmful to the credit ratio. Nevertheless, LeaseTakeOvers has developed an easy and reasonably priced way to smash a lease contract before the lease end date. It is absolutely clear that the most inexpensive option to break a car lease early in Canada is to carry out a car lease transfer. In this course of action, the lease responsibility for the vehicle is transferred from the existing lessee to a new lessee. The new lease buyer will accept the monetary responsibilities for the car lease until the lease actually.

How the lease transfer Works?

This is the easiest part, click here to register your vehicle on LeaseTakeOvers.ca where thousands of buyers search everyday on our Website to find interesting leases. When someone is interested in your lease, they will contact you.

Seller and buyer communicate with each other by email or by telephone. Once the buyer and seller have agreed on all lease transfer terms, they can continue and contact the lease dealership/company to get the car transferred.

The buyer will have to fill out a credit application with the leasing company. Once the credit leasing company approves the buyer's credit, they will start the paper work to transfer the vehicle. The seller and buyer will have to sign a contract to complete the lease transfer. This usually includes license plate and other registration papers for the vehicle.
With the contract now signed, the lease seller is now out of his lease and the lease buyer can now drive away in his new vehicle.

*Remember that each leasing company has their own polices and procedures so make sure to contact the lease dealership/company concerning a lease transfer.